This property looks like a bad Long-Term investment with a projected -21.7% first-year return on $141k initial cash invested.
-21.7%
Cash On Cash
1.63%
Cap Rate
0.27
DSCR
$1,699
Rent
-$2,559
Cashflow
Cash Flow
$1,699 income − $4,258 expenses = $2,559 out of pocket
Investment Breakdown
|
Purchase Price
$674k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$135k
Closing costs
1%
$6,738
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,699
Total Expenses
$4,258
Mortgage P&I
200%
$3,392
Property Taxes
11%
$180
Home Insurance
14%
$244
HOA
0%
$0
Property Management
10%
$170
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0